Why Momo, Inc. Stock Fell 18.7% in September
Momo Inc. (NASDAQ: MOMO) stock lost 18.7% of its value in September, according to data from S&P Global Market Intelligence. The Chinese social media company's seemingly impressive earnings release in August was followed by sell-offs that carried through to September as investors weighed slowing growth against the stock's premium valuation.
The chart below tracks Momo stock's performance over the last three months.
Image source: Yahoo Finance.
Source: Fool.com